News - Market Insights

RareX has legacy leases in the Lachlan Fold Belt in eastern Australia, with some initial results that excited the market, but the junior is chiefly concerned with the development of the Cummins Range rare earths project in the west, where its work has just confirmed high neodymium-praseodymium enrichment (reports MiningNews).

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Early exploration success in Botswana means that Sandfire Resources’ 2020 financial year exploration spend will likely come in well over budget (reports MiningNews)...

Early exploration success in Botswana means that Sandfire Resources’ 2020 financial year exploration spend will likely come in well over budget (reports MiningNews). Sandfire acquired the Tshukudu project via the takeover of MOD Resources late last year and set an initial A$10-12 million budget for exploration to June 30. Based on early success, managing director Karl Simich said that figure would be higher.

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An aspiring gold miner with its flagship operations north of Leinster is hailing an exceptional raft of drill hits that could play a part in the historic underground mine being brought back to life ...

An aspiring gold miner with its flagship operations north of Leinster is hailing an exceptional raft of drill hits that could play a part in the historic underground mine being brought back to life next year (reports The Kalgoorlie Miner). Bellevue Gold yesterday revealed infill drilling had hit a grade of more than one kilogram per tonne at its namesake project north of Leinster. The headline-grabbing 0.3m at 1169g/t might ordinarily be brushed off as an anomaly.

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Mincor Resources has completed early works at its emerging Cassini nickel deposit...

Mincor Resources has completed early works at its emerging Cassini nickel deposit, near Kambalda in Western Australia, and has appointed Kalgoorlie-based underground services and equipment hire group Pit N Portal to run its mining operations, pending a final investment decision later this year (reports MiningNews). Pit N Portal, recently acquired by ASX-listed Emeco Holdings, will work at Cassini for five years and at Mincor's revived Northern Operations (the Durkin North and Long mines) for at least three years.

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Gold is set to test its record highs over the coming year as the spectre of deflation...

Gold is set to test its record highs over the coming year as the spectre of deflation, too much debt, the prospect of resurgent inflation and currency debasement propels the precious metal towards $US2000 an ounce (reports The Australian Financial Review).

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Analysts from Morgan Stanley and Canaccord Genuity have upgraded price targets for most of the Australian gold producers...

Analysts from Morgan Stanley and Canaccord Genuity have upgraded price targets for most of the Australian gold producers under their coverage (reports MiningNews). Gold futures rose as high as US$1760 an ounce this week, close to seven-year highs, and remain at about $1750/oz. Morgan Stanley said the current price was above its June quarter bull case forecast of $1736/oz.

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An independent review of Strandline Resources’ Coburn mineral sands project near Shark Bay in Western Australia has confirmed no fatal flaws or residual risks...

An independent review of Strandline Resources’ Coburn mineral sands project near Shark Bay in Western Australia has confirmed no fatal flaws or residual risks (reports MiningNews). SRK Consulting reviewed technical, environmental, permitting, product quality and marketing aspects of the project, which will form part of the due diligence process for potential lenders, including the Northern Australia Infrastructure Facility.

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Perth rich lister and mining investor Kerry Harmanis has emerged on the share register of Brazilian nickel play Centaurus Metals (reports The West Australian). An initial substantial shareholder notice lodged with the ASX this morning showed Mr Harmanis had amassed a 5.08 per cent stake in the company by buying parcels of shares on the market since August.

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